Finnish engineering company Wärtsilä has received an order for three of its Hybrid Scrubber Systems to be installed on 2,500 TEU container vessels currently under construction at the Jinhai Heavy Industry Co., Ltd in China. Wärtsilä says the installation was ordered by ”a major European owner and op
British oil and gas company BG Group plc (BG) has exercised option with shuttle tanker owner and operator Knutsen NYK Offshore Tankers (KNOT) for an additional Suezmax-size DP2 shuttle tanker newbuilding for operation in Brazil. BG received an option for a period of one year, to take up to two more
The fire-stricken car carrier Courage has arrived in German waters off Bremerhaven where it is scheduled to enter a specialist yard for repairs. Based on the latest vessel tracking data by Marine Traffic, the ship is currently anchored some 32 nautical miles off Bremerhaven. The ship arrived in Germ
Antwerp-based tanker company Euronav has struck a deal for the acquisition through resale of four VLCCs which are completing construction at Korean shipbuilder Hyundai Heavy Industries for an aggregate purchase price of USD 384 million or USD 96 million per unit. The vessels are due to be delivered
Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) has secured a FSO conversion contract with a compatriot vessel owner. Under the contract signed with E.A. Technique (M) Berhard, MMHE will execute demolition, refurbishment and installation works. The vessel, to be named FSO Nautica Bergading foll
Devastating market conditions in the dry bulk shipping market are expected to send 30 million DWT for demolition from the global fleet during 2015, with 17 million DWT reported to have been sold for demolition at the end of May, BIMCO estimates. “Owners have dug deep in the first five months of 2015
MacGregor, part of Cargotec, has signed a contract with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) to supply a range of Hatlapa deck machinery for ten 172,600 m3 liquefied natural gas (LNG) carriers. MacGregor will deliver electrically-driven deck machinery, windlasses and mooring
Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) cut steel for its second floating liquefied natural gas facility, the Petronas Floating LNG2 (PFLNG2), in a ceremony held on June 11 at the Samsung Heavy Industries (SHI) Shipyard in Geoje Island, South Korea. The steel cutting signi
Liquefied petroleum gas shipping company Dorian LPG has taken delivery of the 84,000 cbm, very large gas carrier (VLGC) Cougar from South Korea’s Hyundai Samho Heavy Industries. Cougar, Dorian LPG’s fourth newbuilding delivery, will initially trade in the spot market through the Helios Pool. Dorian
Marshall Islands-headquartered tanker, dry bulk and container ship owner and operator Capital Product Partners has acquired one 9,288 TEU newbuilding container ship from its sponsor Capital Maritime & Trading, as well as agreed two new charters and one extension for three of its tankers. The M/V Aka
Teekay LNG Partners L.P. has entered into a 13-year time-charter contract with BP Shipping Limited (BP) for one Liquefied Natural Gas (LNG) carrier newbuilding. The contract includes an option exercisable by BP by the end of the third quarter of 2015 for one additional LNG carrier under similar term
Carnival Corporation & plc has signed a multi-billion dollar contract with German shipbuilder Meyer Werft to build four next-generation cruise ships with the largest guest capacity in the world. The contract is part of larger previously announced strategic memo of understanding with leading shipbuil
Two shipyard workers were killed and one was injured after a tugboat under construction at China’s Bengbu Shenzhou Machinery (former Bengbu Shipyard) caught fire on June 11, according to local media. The fire reportedly started in the tugboat’s cabin, killing one worker immediately, while the other
Bermuda-headquartered Ship Finance International Limited has entered into an agreement to acquire three 9,000 TEU container ships from an unrelated third party. The vessels are currently under construction and are expected to be delivered to Ship Finance between 4Q 2015 and 1Q 2016, subject to custo
